Abu Dhabi Lulu Financial Holding to test CreataChain Blockchain

Abu Dhabi based LuLu Financial Holdings financial services group, known as LuLuFin, will be testing CreataChain’s blockchain infrastructure to assess its capabilities in a simulated environment without using customer data, production systems or regulated financial services.

Jeremy Jung, Chief Operating Officer of CreataChain, explained that the sandbox will focus on practical integration such as node deployment, transaction creation, signing, submission, block verification, chain-to-chain messaging, and external network connectivity.

The purpose is to show how CreataChain’s infrastructure can operate beyond a closed test environment.

As per the MOU, the testing will happen in a sandbox framework, where LuLuFin will review CreataChain’s core ledger, smart contract, interoperability and developer tool components to assess their technical capabilities and suitability for potential future interoperability.

The evaluation may include node deployment, wallet and SDK integration, smart contract testing, block and transaction verification, internal chain-to-chain messaging, and external network connectivity scenarios. The review will rely only on test accounts, synthetic data, and simulated transactions.

LuLuFin will provide technical feedback on sandbox configuration, operational requirements, infrastructure suitability, and potential integration paths. CreataChain will provide blockchain infrastructure, developer tools, wallet integration support, smart contract environment, Explorer access, and technical documentation.

Joseph Cleetus, VP of Business Transformation at LuLu Financial Holding noted that innovation in the financial services sector needs disciplined evaluation in a sandbox environment and the MOU provides this structured framework to assess emerging blockchain infrastructure.

Jennifer Jin Kim, Chief Executive Officer of CreataChain, added, “This MoU gives CreataChain a framework to present Zenith, Catena, ICP, Lunar Link, Wallet, SDK, and Explorer in that context.”

The MoU does not constitute the launch or commercialization of any payment, remittance, stablecoin, tokenized deposit, virtual asset, custody, exchange, or other regulated financial service. Any future regulated activity would require separate agreements, regulatory review, compliance assessment, security review, and internal approvals by both parties.